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0.8¢ australian mines limited

I interpreted @Grimcon as saying that the SCONI drilling would...

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30/05/18

18:31

Post #: 33384169
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Originally posted by drachir ↑

Take Grimcon's posting with a few grains of salt. Ben was frank and upbeat and it was a good meeting, but he did not say that the ore grade at Flemington will increase dramatically but that he hopes to add some higher grade. The loyalty option question was politely handled by the chairman but politeness shouldn't be taken as enthusiasm. All he said was that it would be considered. The point about government interest is right, but only in the normal sense of government encouraging any group that can offer jobs.
Nor did the shareholder concerned asked 20 questions. Five perhaps.

AUZ's situation is quite strong enough as it is without embarrassing froth like this. It even leaves out the most telling point the CEO made which was the Mercedes is ultimately driving this deal. It needed a long lead time and locked SK into a 7 years, plus 6 supply deal which is why SK wanted its supply protected by the same term.

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I interpreted @Grimcon as saying that the SCONI drilling would result in increasing in grade dramatically at SCONI not Flemington. I reckon there's a bit of punctuation missing that makes it confusing haha.

AUZ Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
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